Tech Company Inital Public Offerings
Spero Therapeutics IPO
Headquartered in Cambridge, Spero Therapeutics is now a public company.
Transaction Overview
Company Name
Announced On
11/2/2017
Transaction Type
IPO
Amount
$77,000,000
Proceeds Purpose
We intend to use the net proceeds from this offering as follows: approximately $40.0 million to fund our Phase 1 clinical trial of SPR994 and initiate our planned pivotal Phase 3 clinical trial of SPR994; approximately $18.0 million to fund additional preclinical activities relating to SPR741 and our planned Phase 2 clinical trial of SPR741; approximately $7.0 million to fund additional preclinical and IND-enabling studies to develop SPR206 and SPR720; and the remainder, if any, balance for working capital and other general corporate purposes.
Company Information
Company Status
Publicly-held
Industry
Biopharmaceutical
Mailing Address
675 Massachusetts Ave. 14th Floor
Cambridge, MA 02139
USA
Cambridge, MA 02139
USA
Phone
Website
Email Address
Not Recorded
Overview
Spero Therapeutics' (Nasdaq: SPRO) vision is to find, develop, and advance groundbreaking therapeutics to meet critical patient needs in infectious disease using a unique business and drug discovery model. Spero Therapeutics is developing first in class therapeutics for treatment of Gram-negative infections.
Profile
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Management Team
Title
Name
Email & Social
Chief Executive Officer
Ankit Mahadevia
Chief Financial Officer
Joel Sendek
Chief Medical Officer
David Melnick
Chief Operating Officer
Cristina Larkin
Chief Scientific Officer
Thomas Parr
VP - Bus. Development
Timothy Keutzer
VP - Bus. Development
Scott Peterson
VP - Finance
Steve Garbacz
VP - R & D
Troy Lister
VP - Regulatory Affairs
Carol Waldo
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We do our best to record every notable VC transaction. VC investment data records reported here are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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